Regional Liberalisation of Trade in Services (original) (raw)

The rapid growth of trade in services has been influenced by factors such as advances in technology, deregulation, and regional trade agreements (RTAs). While significant progress has been made in services liberalisation at the regional level, especially through RTAs under GATS Article V, the quantitative effects of these agreements on trade in services remain underexplored. This research employs gravity regression analysis across four major services sectors—financial, business, communication, and transportation services—to assess the effects of RTAs. It aims to fill gaps in current literature by comparing trade impacts between developed and developing nations, analyzing temporal variations, and exploring interrelations between goods and services trade.